HB5739 Summary

• Appropriates $17.38 billion total for the Illinois State Board of Education and teacher retirement contributions for fiscal year beginning July 1, 2024, consisting of $10.81 billion in General Funds, $105.69 million in Other State Funds, and $6.46 billion in Federal Funds

• Allocates $8.63 billion for Evidence-Based Funding from multiple state sources (Education Assistance Fund, Common School Fund, General Revenue Fund, and Fund for the Advancement of Education)

• Provides $1.26 billion for specialized education services including disabled student transportation ($467.4 million), special education reimbursement ($118.9 million), career and technical education ($58 million), and alternative education programs ($20 million)

• Appropriates $2.93 billion in federal funding for Title programs, IDEA special education, child nutrition ($1.25 billion), and mental health services

• Allocates $6.95 billion for teacher retirement system contributions and health insurance, including $6.20 billion to Teachers' Retirement System and $353.88 million to Chicago Public School Teachers' Pension and Retirement Fund